Dogecoin (DOGE) Price Remains Steady Over Weekend, Posting 19% Gains in Last 24 Hours
The crypto market is as volatile as it is exciting, with prices going up and down at various times. This volatility affects even the most popular coins such as Bitcoin and Ethereum and for many in the industry, fluctuations are an inevitable part of the process.
The weekend is a particularly interesting time to watch market trends since most investors aren’t trading at that time. It is, for the most part, considered a time of rest before the main activities of the week begin. Even then, price shifts often occur among Coins.
This weekend, however, saw Dogecoin stay in the green, even as some larger cryptos went down and up and down again. Slowly but surely, Dogecoin is Inching towards the $0.0021 mark once again.
Slow And Steady
In a world where Cryptocurrency and volatility go hand in hand, Dogecoin is one of the rare cryptos that, while not as popular as others, seems to maintain its market position and price despite whatever market situation is ongoing.
When most cryptos and even fiat currencies see gains, Dogecoin does as well. Even when others seem to be in the red, Dogecoin maintains its position. Sure, it’s not one of the more dominant coins, buts its stability gives it an edge above the rest which might come in handy in the future.
In the past, a majority of crypto investments cane from individuals who mostly opted for the popular ones, especially if they were just starting out. Now that institutions are making investments, they will, inevitably, want to branch out as much as possible. As such, Coins like Dogecoin that show stability will be attractive to them and could send a lot of backing its way.
Joining The Race
Even more good news for Dogecoin over this last weekend as the Doge Racer game finally went live and was available to patrons. Next weekend, there will be a live stream of the game and with time, all bugs and errors found will be fixed.
The creation of this game seems to show that Dogecoin is slowly forming its own niche community surrounding it. While there are certainly many cryptos that want to be the next bitcoin or ethereum, Dogecoin seems to be fine as it is.
There is, however, an individual who has been going around asking others to buy company names through the Ethereum name service and is even offering 5,000 DOGE instead of 5,000 ETH to those who accept, though there haven’t been any reported victims yet.